(RCSD) Zimbabwe - some info for Ralphael
 

How much is Ralph's 100 billion dollars worth?
Read on!

Zanu PF in currency scandal


From ZWNEWS, 30 April 2009

In every country, bank notes carry unique serial numbers which are
never repeated, except, it seems, in Zimbabwe. Dealers in the USA,
Germany and South Africa who sell pristine-quality paper money to
collectors are turning up Zimbabwe dollar notes with duplicate
numbers, especially on the $100bn "Agro-cheques" that were released
last year.

According to Richard Oaten, a former UN contractor who worked in the
Democratic Republic of Congo, the
practice of printing more that one set of currency was common under
late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire
would produce one set of notes for circulation, but a second, third,
even a fourth
printing with the same numbers, went to the president for his own use
or to be swapped on the black market for US dollars," Mr Oaten told
ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was
being responsible with the amount of currency it released at any one
time, but the reality was quite different," he said. "It seems that
Zimbabwe may well have been doing the same thing."

Tom Crompton, a US bank-note collector from Illinois, says that
several dealers have turned up more than one Zimbabwe note with the
same serial number. Newspapers have been printing copies of the double
notes which, he says, "cause a great deal of excitement within the
trade." Rumours of a double printing have abounded in Harare for some
time, with speculation that one set of notes was produced for general
circulation, while a second set - with the same numbers - was trucked
to Zanu PF for use by the party, the army and youth militia, while
some was exchanged for hard currency.

Zimbabwe finance minister, Tendai Biti, has suspended all printing of
Zimbabwe dollars and asked for a full audit of the Reserve Bank.

(RCSD) Zimbabwe - some info for Ralphael
 

Zimbabwe before the mayhem
http://cjoint.com/data/ferN2T7B0r.htm



"Blair (TC)" wrote in message
...
How much is Ralph's 100 billion dollars worth?
Read on!

Zanu PF in currency scandal


From ZWNEWS, 30 April 2009

In every country, bank notes carry unique serial numbers which are
never repeated, except, it seems, in Zimbabwe. Dealers in the USA,
Germany and South Africa who sell pristine-quality paper money to
collectors are turning up Zimbabwe dollar notes with duplicate
numbers, especially on the $100bn "Agro-cheques" that were released
last year.

According to Richard Oaten, a former UN contractor who worked in the
Democratic Republic of Congo, the
practice of printing more that one set of currency was common under
late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire
would produce one set of notes for circulation, but a second, third,
even a fourth
printing with the same numbers, went to the president for his own use
or to be swapped on the black market for US dollars," Mr Oaten told
ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was
being responsible with the amount of currency it released at any one
time, but the reality was quite different," he said. "It seems that
Zimbabwe may well have been doing the same thing."

Tom Crompton, a US bank-note collector from Illinois, says that
several dealers have turned up more than one Zimbabwe note with the
same serial number. Newspapers have been printing copies of the double
notes which, he says, "cause a great deal of excitement within the
trade." Rumours of a double printing have abounded in Harare for some
time, with speculation that one set of notes was produced for general
circulation, while a second set - with the same numbers - was trucked
to Zanu PF for use by the party, the army and youth militia, while
some was exchanged for hard currency.

Zimbabwe finance minister, Tendai Biti, has suspended all printing of
Zimbabwe dollars and asked for a full audit of the Reserve Bank.

(RCSD) Zimbabwe - some info for Ralphael
 

On May 2, 1:24*pm, "Blair (TC)" wrote:
How much is Ralph's 100 billion dollars worth?
Read on!

Zanu PF in currency scandal

From ZWNEWS, 30 April 2009

In every country, bank notes carry unique serial numbers which are
never repeated, except, it seems, in Zimbabwe. Dealers in the USA,
Germany and South Africa who sell pristine-quality paper money to
collectors are turning up Zimbabwe dollar notes with duplicate
numbers, especially on the $100bn "Agro-cheques" that were released
last year.

According to Richard Oaten, a former UN contractor who worked in the
Democratic Republic of Congo, the
practice of printing more that one set of currency was common under
late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire
would produce one set of notes for circulation, but a second, third,
even a fourth
printing with the same numbers, went to the president for his own use
or to be swapped on the black market for US dollars," Mr Oaten told
ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was
being responsible with the amount of currency it released at any one
time, but the reality was quite different," he said. "It seems that
Zimbabwe may well have been doing the same thing."

Tom Crompton, a US bank-note collector from Illinois, says that
several dealers have turned up more than one Zimbabwe note with the
same serial number. Newspapers have been printing copies of the double
notes which, he says, "cause a great deal of excitement within the
trade." Rumours of a double printing have abounded in Harare for some
time, with speculation that one set of notes was produced for general
circulation, while a second set - with the same numbers - was trucked
to Zanu PF for use by the party, the army and youth militia, while
some was exchanged for hard currency.

Zimbabwe finance minister, Tendai Biti, has suspended all printing of
Zimbabwe dollars and asked for a full audit of the Reserve Bank.

Very interesting, thank you very much Blair for the up date. Maybe,
just maybe my note will reach a value of 0.01 USD.
Anything more on the printed lists of duplicate numbers?

Ralph

(RCSD) Zimbabwe - some info for Ralphael
 

On May 14, 8:26*pm, Ralphael1 wrote:
On May 2, 1:24*pm, "Blair (TC)" wrote:



How much is Ralph's 100 billion dollars worth?
Read on!

Zanu PF in currency scandal

From ZWNEWS, 30 April 2009

In every country, bank notes carry unique serial numbers which are
never repeated, except, it seems, in Zimbabwe. Dealers in the USA,
Germany and South Africa who sell pristine-quality paper money to
collectors are turning up Zimbabwe dollar notes with duplicate
numbers, especially on the $100bn "Agro-cheques" that were released
last year.

According to Richard Oaten, a former UN contractor who worked in the
Democratic Republic of Congo, the
practice of printing more that one set of currency was common under
late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire
would produce one set of notes for circulation, but a second, third,
even a fourth
printing with the same numbers, went to the president for his own use
or to be swapped on the black market for US dollars," Mr Oaten told
ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was
being responsible with the amount of currency it released at any one
time, but the reality was quite different," he said. "It seems that
Zimbabwe may well have been doing the same thing."

Tom Crompton, a US bank-note collector from Illinois, says that
several dealers have turned up more than one Zimbabwe note with the
same serial number. Newspapers have been printing copies of the double
notes which, he says, "cause a great deal of excitement within the
trade." Rumours of a double printing have abounded in Harare for some
time, with speculation that one set of notes was produced for general
circulation, while a second set - with the same numbers - was trucked
to Zanu PF for use by the party, the army and youth militia, while
some was exchanged for hard currency.

Zimbabwe finance minister, Tendai Biti, has suspended all printing of
Zimbabwe dollars and asked for a full audit of the Reserve Bank.

Very interesting, thank you very much Blair for the up date. Maybe,
just maybe my note will reach a value of 0.01 USD.
Anything more on the printed lists of duplicate numbers?

Ralph

Good to see you back, my friend.
I hope that your recovery is going well.

Blair

(RCSD) Zimbabwe - some info for Ralphael
 

On May 14, 11:29*pm, Blair wrote:
On May 14, 8:26*pm, Ralphael1 wrote:





On May 2, 1:24*pm, "Blair (TC)" wrote:

How much is Ralph's 100 billion dollars worth?
Read on!

Zanu PF in currency scandal

From ZWNEWS, 30 April 2009

In every country, bank notes carry unique serial numbers which are
never repeated, except, it seems, in Zimbabwe. Dealers in the USA,
Germany and South Africa who sell pristine-quality paper money to
collectors are turning up Zimbabwe dollar notes with duplicate
numbers, especially on the $100bn "Agro-cheques" that were released
last year.

According to Richard Oaten, a former UN contractor who worked in the
Democratic Republic of Congo, the
practice of printing more that one set of currency was common under
late dictator, Mobuto Sese Seko. "As I understand it, the old Zaire
would produce one set of notes for circulation, but a second, third,
even a fourth
printing with the same numbers, went to the president for his own use
or to be swapped on the black market for US dollars," Mr Oaten told
ZWNEWS. "This way it appeared to the IMF and World Bank that Zaire was
being responsible with the amount of currency it released at any one
time, but the reality was quite different," he said. "It seems that
Zimbabwe may well have been doing the same thing."

Tom Crompton, a US bank-note collector from Illinois, says that
several dealers have turned up more than one Zimbabwe note with the
same serial number. Newspapers have been printing copies of the double
notes which, he says, "cause a great deal of excitement within the
trade." Rumours of a double printing have abounded in Harare for some
time, with speculation that one set of notes was produced for general
circulation, while a second set - with the same numbers - was trucked
to Zanu PF for use by the party, the army and youth militia, while
some was exchanged for hard currency.

Zimbabwe finance minister, Tendai Biti, has suspended all printing of
Zimbabwe dollars and asked for a full audit of the Reserve Bank.

Very interesting, thank you very much Blair for the up date. Maybe,
just maybe my note will reach a value of 0.01 USD.
Anything more on the printed lists of duplicate numbers?

Ralph

Good to see you back, my friend.
I hope that your recovery is going well.

Blair- Hide quoted text -

- Show quoted text -

Thanks Blair for the good words. Recovery is not great, OLD bones are
not knitting as well as they should. I have to wait another month to
get a recheck. I am comfortable wearing the leg mobilizer but feel
like it is not doing the job for which it was intended.

Ralph

(RCSD) Zimbabwe - some info for Ralphael
 

On May 14, 5:26*pm, Ralphael1 wrote:
Very interesting, thank you very much Blair for the up date. Maybe,
just maybe my note will reach a value of 0.01 USD.

See, Mugabe was missing a golden opportunity. He could have been
selling sets of notes with duplicated serial numbers to the trade for
more than face. Kinda like CTOs, but pricier. Wasn't it Libya that
used to pay foreign workers in "rare" EFOs?

--
Joshua H. McGee
Sierra Madre, Los Angeles, California, USA
Member: APS, ATA, ISWSC, MBPC
Trade?: http://www.mcgees.org/stamp-offers/